Articles - Hemscott Corporate Advisers Rankings Guide


Deloitte makes gains in the FTSE 100 space, moving up to joint-second in the FTSE 100 rankings; BDO still the only non-Big Four auditor in the FTSE 100 rankings

 HEMSCOTT, a premier international provider of high-quality business and financial data and a
 Morningstar company, today published its 23rd Hemscott Corporate Advisers Rankings Guide. Highlights of this quarter’sHemscott Corporate Advisers Rankings Guide include:
 
 ADVISERS:
 
  Overall Rankings: All three rankings leaders in the Advisers category report client losses this quarter, but there
 were no changes to the rankings. Third-placed Cenkos Securities nudges a little closer to second-placed Seymour
 Pierce, the latter now has 75 clients, and the former has 73. Elsewhere in the top 10, Evolution Securities moves
 from 10th place to joint sixth, with a three-client lead increasing the adviser’s total client tally to 60. FinnCap also
 continues its upwards move, with three new clients moving the adviser into the top 10.
  FTSE 100: Among contenders in the FTSE 100 space, only JP Morgan Cazenove and Lazard & Co gained both a
 client and an improved ranking for the quarter, with JP Morgan moving from sixth place to second and Lazard from
 10th place to ninth. By total client market cap, the Adviser rankings are stable, with the exception of newcomer
 Hawkpoint Partners, which jumps in at 19th place with £7,884 million. Leader UBS Investment Bank ends the
 quarter with a reduced total client market cap, down from £531,094 million to £513,272 million.
 
 AUDITORS:
 
  Overall Rankings: Several client swaps are evident among the auditors this quarter, but there were few changes to
 the rankings as a result. KPMG retains its overall lead but with seven clients fewer, ending the quarter with 376
 clients – 59 ahead of second-placed PricewaterhouseCoopers LLP, which has 317 clients. PKF (UK) LLP is the
 only top 10 auditor to move up the rankings, with a one-client gain shifting the firm from eighth place to seventh and
 to a new client tally of 75. Conversely, Baker Tilly is the only top 10 auditor to move down the rankings, with a 10-
 client loss moving the firm down to eighth place and to a revised client tally of 70.
  FTSE 100: In the tightly held FTSE 100 rankings, a two-client gain for Deloitte moves the auditor up into joint
 second place alongside KPMG; both auditors have 22 FTSE 100 clients. BDO LLP remains the only auditor outside of
 the Big Four with a FTSE 100 client; and PricewaterhouseCoopers LLP continues to lead in this space, with 38
 FTSE 100 clients. PWC also leads by total client market cap, and achieved one of the few increases by total client
 market cap across all auditors this quarter, moving from a value of £874,176 million to £883,679 million. By total
 client market cap, BDO Kendalls and Crowe Clark Whitehill LLP both jump into the rankings with total client
 market cap values of £654 million and £598 million, respectively.
 
 BROKERS:
 
  Overall Rankings: It was a steady quarter for the top five brokers, with only a handful of client wins across the
 board and no changes to the top five rankings. JPMorgan Cazenove continues to lead, but with six clients fewer at
 the close of this quarter, the broker’s overall client tally reduces to 239. Evolution Securities makes the largest of
 the gains among the top 10 brokers, with five new clients taking the broker from ninth place to sixth overall. Matrix
 Corporate Capital LLP also edges up the ranks, with one new client lifting the broker from ninth place to eighth.
 Collins Stewart drops two places in the rankings, moving from eighth place to 10th, following a two-client loss to
 bring the broker’s client tally to 76–just four more than that of Bank of America Merrill Lynch, which is in 11th
 place.
  FTSE 100: In the FTSE 100 space, Credit Suisse achieved the biggest client gain during the quarter, with three
 new mandates raising the broker’s FTSE 100 client total to 12; and Barclays Capital makes steady gains with two
 additional FTSE 100 clients. However, JP Morgan Cazenove continues to dominate the larger market, with 37 FTSE
 100 clients. The broker also leads the Hemscott rankings by total client market cap, albeit with a reduced value of
 £736,643 million compared to the previous quarter’s £754,474 million. Credit Suisse shows the largest quarterly
 gain by total client market cap, leaping from ninth place to third in this category, moving from £208,684 million last
 quarter to £314,232 million for the second quarter of 2011.
 
 FINANCIAL PRs:
 
  Overall Rankings: The financial PR companies had a largely stable quarter with some client wins and losses, but
 few changes to the rankings. Rankings leader Financial Dynamics lost one client in the quarter to deliver a new
 tally of 167. Third-placed Pelham Bell Pottinger gained one client and now has 84 clients to narrow the gap with
 second-placed Buchanan Communications to just one client. Meanwhile, Brunswick’s additional client gain in
 the quarter edges the firm up the rankings, from fifth place to joint fourth alongside Tavistock Communications.
  FTSE 100: In the FTSE 100 space, leader Brunswick extends its lead with the only net gain in this market,
 increasing its FTSE 100 client tally to 27. Maitland drops out of the top three to joint fourth place with a one-client
 loss bringing its FTSE 100 client total to nine. Thirteen financial PR companies sit in tenth place, with one FTSE 100
 client apiece. By total client market cap, Drury Communications enters the market cap rankings in 20th place, with
 a total client market cap value of £12,727 million. This compares to a client market cap of £15,013 at top 10 agency
 Lansons Communications. Finsbury continues to lead, but with a reduced value of £489,468 million (down from
 £504,434 million); the firm also moves into the lead by total client profit, with a significantly increased figure this
 quarter, going from £38,270 million to £62,128 million at the close of this quarter.
 
 LAWYERS:
 
  Overall Rankings: Rankings leaders Slaughter and May and Herbert Smith had a positive quarter, with three
 and two new clients, respectively, bringing their respective client tallies to 115 and 91. A single-client gain for
 Pinsent Masons LLP moves the firm to joint third place alongside Eversheds LLP; both firms now have 87 clients.
 Norton Rose LLP lost one client to end the quarter with 85 and drop from fourth place to fifth in the rankings. Ogier
 enters the top 20 in 19th place with 47 clients.
  FTSE 100: For the first time since Hemscott adviser rankings began, the first two places in the FTSE 100 space are
 not dominated by Slaughter and May and Linklaters. A three-client loss for Linklaters this quarter has reduced
 the firm’s FTSE 100 client tally to 22, moving the company from second place to third in the FTSE 100 rankings. In
 turn, Freshfields Bruckhaus Deringer gains a single client to move up from third place to second. Slaughter and
 May remains in first place, and records two additional clients to take its FTSE 100 client tally to 29. Ashurst LLP
 stands out in the total client market cap rankings, with an increase from £89,008 million to £91,032 million, moving
 its ranking by total client market cap from 17th to 13th. Overall leader Slaughter and May also advances by market
 cap this quarter, moving from fourth place to third, with an increased overall client market cap of £459,332 million,
 which was previously £445,316 million.
 
 REGISTRARS:
 
  Overall Rankings: The overall market continues to decline for registrars with the continued loss of clients overall,
 and long-term rankings leader Capita Registrars ending the quarter 17 clients down. Computershare Investor
 Services had the only client additions during the quarter, with three new clients taking its tally to 548. The City
 Partnership (UK) is a new name in the rankings, jumping in at joint 13th place.
  FTSE 100: Among those registrars advising the FTSE 100, Equiniti further strengthens its leading position, edging
 further away from second-placed Computershare with two additional clients, compared to Computershare’s
 three-client loss. By total client market cap, Equiniti leads the pack, with a value of £993,000 million.
 Computershare follows with £886,821 million; however Capita Registrars shows the only net gain with an
 increase in total market client cap from £325,824 million to £335,792 million. Zao Partnyor and OJSC
 Obyedinennaya Registratsionnaya enter the market cap rankings with values of £3,609 million and £2,524 million,
 respectively.

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